Market Chatter-Corporate finance press digest

May 02, 2013|Reuters

May 3 (Reuters) - The following corporate finance-relatedstories were reported by media on Friday:

* The investors who own Kelda Group, the parent company ofYorkshire Water, are poised to put a 1.5 billion pound ($2.33billion) stake in the company up for sale, Sky News reported,citing insiders familiar with the matter. ()

* Cnooc Ltd sold $4 billion of bonds on Thursday,the largest amount ever by a Chinese company. The deal attractedorders of $23.8 billion just 16 hours after it was announced, inthe strongest demand for a bond sale in Asia, excluding Japan inrecent years, people with direct knowledge of the matter said onFriday, according to the Wall Street Journal. ()

* Fang Fenglei, a former Goldman Sachs Group Inc banker and co-founder of Hopu Investment Management, is raisingup to $2 billion in a new fund, people familiar with the mattersaid, as one of China's best known bankers seeks to add to hisriches.

* Ares Management LLC, an investment firm with some $59billion in credit and private equity assets, is speaking toinvestment banks about an initial public offering in the UnitedStates, a person with knowledge of the matter said on Thursday.

* Temasek, Singapore's sovereign wealth fund, is poised totake a stake worth around $500 million in Markit, the UK dataprovider that has become an influential force in financialmarkets in recent years, the Financial Times said citing twopeople familiar with the matter. ()

* Cia. Siderurgica Nacional SA, Brazil'sthird-largest steelmaker, has emerged as the leading bidder forThyssenKrupp AG's Brazilian and U.S. steel-plantassets, Bloomberg reported, citing people with knowledge of thetalks. ()